ACA Health Insurance: Understanding 1095-B and 1095-C Forms
Are you one of the many Americans who receive health insurance through the Affordable Care Act (ACA)? If so, you may have received a 1095-B or 1095-C form in the mail. These forms provide important information about your health insurance coverage for tax purposes.
What is a 1095-B Form?
A 1095-B form is a Health Insurance Marketplace Statement. It shows the coverage you had through the Health Insurance Marketplace during the year. The form also includes information about the premium tax credits (subsidies) you received.
What is a 1095-C Form?
A 1095-C form is an Employer-Provided Health Insurance Offer and Coverage. It shows the health insurance coverage offered to you by your employer. The form also includes information about the value of the coverage and any contributions you made towards the premiums.
Do I Need to File My 1095-B or 1095-C Form with My Taxes?
No, you do not need to file your 1095-B or 1095-C form with your taxes. However, you may need to use the information on these forms to complete your tax return. For example, you may need to use the information on your 1095-B form to claim the premium tax credit.
Where Can I Get Help with My 1095-B or 1095-C Form?
If you have questions about your 1095-B or 1095-C form, you can contact the entity that issued the form. You can also find more information about these forms on the IRS website. If you need help with enrolling for health insurance, understanding your coverage options, or processing your tax return, it is important to seek assistance from a licensed health insurance agent. They can provide expert guidance and help you through each step of the process. Don’t hesitate to consult a professional for support.
Question? or Need a Free Quote?
Contact Us
Reach out to us for free expert insurance advice and solutions. We will help you solve ACA (Obamacare) related questions and problems. Will contact you within 24 hours of receiving your message.